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LatAm Daily | Inflation in Mexico but with no evidence of FX pass-through

Published on Wednesday, March 25, 2015

LatAm Daily | Inflation in Mexico but with no evidence of FX pass-through

The downside surprise in inflation in the first forthright of March was driven by core inflation. The March print is likely to confirm the weak evolution of core inflation during the first quarter against a backdrop of a depreciating currency, which suggests that internal demand remains rather weak.

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